By the end of June 2000, the company employed 1,205 people: 541 in the United States, 635 in Taiwan, and 29 in the United Kingdom. As of 22 August 2000, the company held 35 patents on GPS technology. Its products were sold in 100 countries and carried by 2,500 independent distributors. īy 2000 Garmin had sold three million GPS devices, and was producing 50 different models.
Garmin reported a 2006 total revenue of $1.77 billion, up 73% from $1.03 billion in 2005. By 1999, sales had reached $233 million and a profit of $64 million. īy 1995, Garmin's sales had reached $105 million, and it had achieved a profit of $23 million. The company was later renamed "Garmin", a portmanteau of its two founders, Gary Burrell and Min H.
ProNav's first product was a GPS unit which sold for US$2,500. They founded Garmin in 1989 in Lenexa, Kansas, as "ProNav". Kao from the defense contractor Magnavox while working for the former King Radio.
0 kommentar(er)
